| dc.contributor.author | Krumme, Katherine Ann | |
| dc.contributor.author | Herrero Lopez, Sergio | |
| dc.date.accessioned | 2010-10-22T18:26:20Z | |
| dc.date.available | 2010-10-22T18:26:20Z | |
| dc.date.issued | 2009-10 | |
| dc.date.submitted | 2009-08 | |
| dc.identifier.issn | 978-1-4244-5334-4 | |
| dc.identifier.other | INSPEC Accession Number: 10908388 | |
| dc.identifier.uri | http://hdl.handle.net/1721.1/59480 | |
| dc.description.abstract | Increasingly, economic transactions are taking place over social networks. We study the static and dynamic characteristics of a peer-to-peer lending network through 350,000 loan listings and accompanying member profiles from the online marketplace Prosper.com. Our results imply that social factors such as participation in affinity groups and descriptive profile text are correlated with financial indicators; at the same time, we see evidence of suboptimal lending decisions, minimal learning, and herding behavior in the network. We discuss implications and suggest possible improvements to the online peer-to-peer lending model. | en_US |
| dc.language.iso | en_US | |
| dc.publisher | Institute of Electrical and Electronics Engineers | en_US |
| dc.relation.isversionof | http://dx.doi.org/10.1109/CSE.2009.185 | en_US |
| dc.rights | Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. | en_US |
| dc.source | IEEE | en_US |
| dc.subject | social networks | en_US |
| dc.subject | economics | en_US |
| dc.title | Lending behavior and community structure in an online peer-to-peer economic network | en_US |
| dc.type | Article | en_US |
| dc.identifier.citation | Krumme, K.A., and S. Herrero. “Lending Behavior and Community Structure in an Online Peer-to-Peer Economic Network.” Computational Science and Engineering, 2009. CSE '09. International Conference on. 2009. 613-618. ©2009 Institute of Electrical and Electronics Engineers. | en_US |
| dc.contributor.department | Massachusetts Institute of Technology. Department of Civil and Environmental Engineering | en_US |
| dc.contributor.department | Massachusetts Institute of Technology. Media Laboratory | en_US |
| dc.contributor.approver | Krumme, Katherine Ann | |
| dc.contributor.mitauthor | Krumme, Katherine Ann | |
| dc.contributor.mitauthor | Herrero Lopez, Sergio | |
| dc.relation.journal | International Conference on Computational Science and Engineering, 2009. CSE '09. | en_US |
| dc.eprint.version | Final published version | en_US |
| dc.type.uri | http://purl.org/eprint/type/JournalArticle | en_US |
| eprint.status | http://purl.org/eprint/status/PeerReviewed | en_US |
| dspace.orderedauthors | Krumme, Katherine Ann; Herrero, Sergio | en |
| mit.license | PUBLISHER_POLICY | en_US |
| mit.metadata.status | Complete | |
